Ruth's Hospitality Group, Inc., together with its subsidiaries, develops, operates, and franchises fine dining restaurants under the Ruth's Chris Steak House name. The company's restaurants offer food and beverage products to special occasion diners and frequent customers, as well as business clientele. As of March 05, 2021, it had approximately 140 company-owned and franchisee-owned restaurants worldwide. The company was formerly known as Ruth's Chris Steak House, Inc. and changed its name to Ruth's Hospitality Group, Inc. in May 2008. Ruth's Hospitality Group, Inc. was founded in 1965 and is headquartered in Winter Park, Florida.
IPO Year: 2005
Exchange: NASDAQ
Website: rhgi.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/7/2022 | Outperform → Mkt Perform | Raymond James | |
9/23/2022 | $22.00 | Overweight | Stephens |
2/28/2022 | $27.00 → $28.00 | Overweight | Stephens & Co. |
2/25/2022 | $25.00 → $27.00 | Strong Buy | Raymond James |
11/23/2021 | Hold | The Benchmark Company | |
11/23/2021 | Hold | Benchmark | |
11/1/2021 | $26.50 → $25.00 | Strong Buy | Raymond James |
10/19/2021 | $29.00 → $27.00 | Overweight | Stephens & Co. |
9/20/2021 | $28.00 | Neutral → Overweight | Piper Sandler |
8/12/2021 | $27.00 | Neutral → Buy | CL King |
4 - Ruths Hospitality Group, Inc. (0001324272) (Issuer)
4 - Ruths Hospitality Group, Inc. (0001324272) (Issuer)
4 - Ruths Hospitality Group, Inc. (0001324272) (Issuer)
4 - Ruths Hospitality Group, Inc. (0001324272) (Issuer)
4 - Ruths Hospitality Group, Inc. (0001324272) (Issuer)
4 - Ruths Hospitality Group, Inc. (0001324272) (Issuer)
4 - Ruths Hospitality Group, Inc. (0001324272) (Issuer)
4 - Ruths Hospitality Group, Inc. (0001324272) (Issuer)
4 - Ruths Hospitality Group, Inc. (0001324272) (Issuer)
4 - Ruths Hospitality Group, Inc. (0001324272) (Issuer)
SC 13D/A - Ruths Hospitality Group, Inc. (0001324272) (Subject)
SC 13G/A - Ruths Hospitality Group, Inc. (0001324272) (Subject)
SC 13G/A - Ruths Hospitality Group, Inc. (0001324272) (Subject)
SC 13G/A - Ruths Hospitality Group, Inc. (0001324272) (Subject)
SC 13G/A - Ruths Hospitality Group, Inc. (0001324272) (Subject)
SC 13D/A - Ruths Hospitality Group, Inc. (0001324272) (Subject)
SC 13G/A - Ruths Hospitality Group, Inc. (0001324272) (Subject)
SC 13G/A - Ruths Hospitality Group, Inc. (0001324272) (Subject)
SC 13G - Ruths Hospitality Group, Inc. (0001324272) (Subject)
SC 13G/A - Ruths Hospitality Group, Inc. (0001324272) (Subject)
-- Trustee Susan Givens to Retire from Board -- Urban Edge Properties (NYSE:UE) today announced the appointment of Mary L. Baglivo to the Company's Board of Trustees, effective September 1, 2022. Ms. Baglivo is an experienced leader with an extensive career in retail, brand marketing, advertising, and higher education. She has held Chief Executive Officer roles at several leading global advertising and communication companies in addition to leading her own brand strategy and consulting firm, The Baglivo Group. She previously served as the CEO Americas at Saatchi & Saatchi, a global marketing and advertising agency. Prior to her role at Saatchi & Saatchi, Ms. Baglivo served as President at
Renowned Fine Dining Steak House Debuts Fourth Location in Michigan Ruth's Chris Steak House, famous for its unmatched dining experience and steaks served on 500-degree sizzling plates, today announced its newest location is open for business in Mt. Pleasant, Michigan inside the Soaring Eagle Casino and Resort. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230613438907/en/Ruth's Chris Steak House announced its newest location in Mt. Pleasant, which is now open for business. It is located at 6800 Soaring Eagle Blvd. and brings an unmatched dining experience to the area with its 8,965 square-foot location. (Photo: Business Wire
NEW YORK, June 7, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, June 14: eXp World Holdings Inc. (NASD: EXPI) will replace Heska Corp. (NASD: HSKA). Mars Inc. is acquiring Heska in a deal expected to be completed soon pending final conditions.Privia Health Group Inc. (NASD: PRVA) will replace Ruth's Hospitality Group Inc. (NASD: RUTH). S&P 500 constituent Darden Restaurants Inc. (NYSE:DRI) is acquiring Ruth's Hospitality Group in a deal expected to be completed soon pending final conditions.Following is a summary of the changes that will take place prior to the open of trading on the
ORLANDO, Fla., May 3, 2023 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) and Ruth's Hospitality Group, Inc. ("Ruth's") (NASDAQ:RUTH) announced earlier today that they have entered into a definitive merger agreement pursuant to which Darden will commence a tender offer to acquire all of the outstanding shares of Ruth's for $21.50 per share, in an all-cash transaction with an equity value of approximately $715 million. As previously announced, the companies will host a conference call to discuss the transaction on Thursday, May 4, 2023, at 8:30 a.m. ET. The call information provided in the earlier press release was incorrect; this press release is issued to provide updated c
ORLANDO, Fla., May 3, 2023 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) and Ruth's Hospitality Group, Inc. ("Ruth's") (NASDAQ:RUTH), jointly announced today that they have entered into a definitive merger agreement pursuant to which Darden will commence a tender offer to acquire all of the outstanding shares of Ruth's for $21.50 per share, in an all-cash transaction with an equity value of approximately $715 million. Ruth's, owner and operator of Ruth's Chris Steak House ("Ruth's Chris"), will complement Darden's portfolio of differentiated brands which currently includes Olive Garden, LongHorn Steakhouse, Yard House, Cheddar's Scratch Kitchen, The Capital Grille, Seasons 5
Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) today announced that it will host a conference call to discuss first quarter 2023 financial results on Friday, May 5, 2023 at 8:30 AM Eastern Time. A press release with first quarter 2023 financial results will be issued at approximately 7:00 AM Eastern Time that same day. The conference call can be accessed live over the phone by dialing 201-689-8470. A replay will be available one hour after the call and can be accessed by dialing 412-317-6671; the password is 13734967. The replay will be available until Friday, May 12, 2023. The call will also be webcast live from the Company's website at www.rhgi.com under the Investor Relations section.
Renowned Fine Dining Steak House Debuts Third Location in Virginia Ruth's Chris Steak House, famous for its unmatched dining experience and steaks served on 500-degree sizzling plates, today announced its newest location is open for business in Reston, Virginia. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230404005361/en/Ruth's Chris Steak House announced its newest location in Reston, which is now open for business. It is located at 11990 Market Street and brings an unmatched dining experience to the area with its 7,400+-square-foot location. (Photo: Business Wire) The Reston Ruth's Chris restaurant, located at 11990 Marke
– Increases Quarterly Dividend to $0.16 Per Share – Ruth's Hospitality Group, Inc. (the "Company") (NASDAQ:RUTH) today reported financial results for its fourth quarter and fiscal year ended December 25, 2022 and provided a business update. Fourth Quarter Highlights Total restaurant sales in the fourth quarter increased 9.6% compared to 2021 driven by comparable sales growth of 4.5% and incremental sales from six new restaurants that opened over the last 12 months. Comparable sales increased 5.5% compared to 2019. Fourth quarter average weekly sales for Company-owned restaurants were $130.0 thousand in 2022 compared to $123.0 thousand in 2021. Franchise income in the fourth quarter
Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) today announced that it will host a conference call to discuss fourth quarter and full year 2022 financial results on Thursday, February 23, 2023 at 8:30 AM Eastern Time. A press release with fourth quarter and full year 2022 financial results will be issued at approximately 7:00 AM Eastern Time that same day. The conference call can be accessed live over the phone by dialing 201-689-8470. A replay will be available one hour after the call and can be accessed by dialing 412-317-6671; the password is 13734965. The replay will be available until Thursday, March 2, 2023. The call will also be webcast live from the Company's website at www.rhgi.com
– Declares $0.14 Per Share Quarterly Dividend – Ruth's Hospitality Group, Inc. (the "Company") (NASDAQ:RUTH) today reported unaudited financial results for its third quarter ended September 25, 2022 and provided a business update. Third Quarter Highlights (1) Total restaurant sales in the third quarter increased 8.5% compared to 2021 driven by comparable sales growth and incremental sales from six new restaurants that opened over the last 12 months. Third quarter comparable sales increased 2.9% versus 2021 and 11.2% versus 2019. Third quarter average weekly sales were $107.5 thousand in 2022 compared to $102.8 thousand in 2021 and $93.4 thousand in 2019. (2) Franchise income in
Renowned Fine Dining Steak House Opens in Greater Orlando Area in New Location Ruth's Chris Steak House, famous for its unmatched dining experience and steaks served on 500-degree sizzling plates, announced the relocation of its Winter Park restaurant, which is now open for business. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221025005993/en/Ruth's Chris Steak House announced its newest location in Winter Park, which is now open for business. It is located at 480 N. Orlando Avenue (Suite 100), bringing an unmatched dining experience to the area in its new 7,840-square-foot restaurant. (Photo: Business Wire) The new Ruth's Ch
ORLANDO, Fla., May 3, 2023 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) and Ruth's Hospitality Group, Inc. ("Ruth's") (NASDAQ:RUTH) announced earlier today that they have entered into a definitive merger agreement pursuant to which Darden will commence a tender offer to acquire all of the outstanding shares of Ruth's for $21.50 per share, in an all-cash transaction with an equity value of approximately $715 million. As previously announced, the companies will host a conference call to discuss the transaction on Thursday, May 4, 2023, at 8:30 a.m. ET. The call information provided in the earlier press release was incorrect; this press release is issued to provide updated c
ORLANDO, Fla., May 3, 2023 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) and Ruth's Hospitality Group, Inc. ("Ruth's") (NASDAQ:RUTH), jointly announced today that they have entered into a definitive merger agreement pursuant to which Darden will commence a tender offer to acquire all of the outstanding shares of Ruth's for $21.50 per share, in an all-cash transaction with an equity value of approximately $715 million. Ruth's, owner and operator of Ruth's Chris Steak House ("Ruth's Chris"), will complement Darden's portfolio of differentiated brands which currently includes Olive Garden, LongHorn Steakhouse, Yard House, Cheddar's Scratch Kitchen, The Capital Grille, Seasons 5
Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) today announced that it will host a conference call to discuss first quarter 2023 financial results on Friday, May 5, 2023 at 8:30 AM Eastern Time. A press release with first quarter 2023 financial results will be issued at approximately 7:00 AM Eastern Time that same day. The conference call can be accessed live over the phone by dialing 201-689-8470. A replay will be available one hour after the call and can be accessed by dialing 412-317-6671; the password is 13734967. The replay will be available until Friday, May 12, 2023. The call will also be webcast live from the Company's website at www.rhgi.com under the Investor Relations section.
– Increases Quarterly Dividend to $0.16 Per Share – Ruth's Hospitality Group, Inc. (the "Company") (NASDAQ:RUTH) today reported financial results for its fourth quarter and fiscal year ended December 25, 2022 and provided a business update. Fourth Quarter Highlights Total restaurant sales in the fourth quarter increased 9.6% compared to 2021 driven by comparable sales growth of 4.5% and incremental sales from six new restaurants that opened over the last 12 months. Comparable sales increased 5.5% compared to 2019. Fourth quarter average weekly sales for Company-owned restaurants were $130.0 thousand in 2022 compared to $123.0 thousand in 2021. Franchise income in the fourth quarter
Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) today announced that it will host a conference call to discuss fourth quarter and full year 2022 financial results on Thursday, February 23, 2023 at 8:30 AM Eastern Time. A press release with fourth quarter and full year 2022 financial results will be issued at approximately 7:00 AM Eastern Time that same day. The conference call can be accessed live over the phone by dialing 201-689-8470. A replay will be available one hour after the call and can be accessed by dialing 412-317-6671; the password is 13734965. The replay will be available until Thursday, March 2, 2023. The call will also be webcast live from the Company's website at www.rhgi.com
– Declares $0.14 Per Share Quarterly Dividend – Ruth's Hospitality Group, Inc. (the "Company") (NASDAQ:RUTH) today reported unaudited financial results for its third quarter ended September 25, 2022 and provided a business update. Third Quarter Highlights (1) Total restaurant sales in the third quarter increased 8.5% compared to 2021 driven by comparable sales growth and incremental sales from six new restaurants that opened over the last 12 months. Third quarter comparable sales increased 2.9% versus 2021 and 11.2% versus 2019. Third quarter average weekly sales were $107.5 thousand in 2022 compared to $102.8 thousand in 2021 and $93.4 thousand in 2019. (2) Franchise income in
Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) today announced that it will host a conference call to discuss third quarter 2022 financial results on Friday, November 4, 2022 at 8:30 AM Eastern Time. A press release with third quarter 2022 financial results will be issued at approximately 7:00 AM Eastern Time that same day. The conference call can be accessed live over the phone by dialing 201-689-8470. A replay will be available one hour after the call and can be accessed by dialing 412-317-6671; the password is 13732782. The replay will be available until Friday, November 11, 2022. The call will also be webcast live from the Company's website at www.rhgi.com under the Investor Relations se
– Posts Record Second Quarter Revenue Up 16% – – Approves $60M Share Repurchase Program – – Declares $0.14 Per Share Quarterly Dividend – Ruth's Hospitality Group, Inc. (the "Company") (NASDAQ:RUTH) today reported unaudited financial results for its second quarter ended June 26, 2022 and provided a business update. Second Quarter and Recent Business Highlights (1) Delivered positive second quarter comparable sales versus both fiscal years 2021 and 2019. By period, comparable restaurant sales and average weekly sales for Company-owned restaurants for the second quarter 2022 were as follows: (dollar amounts in thousands) April May June Q2 2022 Comparable Restaur
Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) today announced that it will host a conference call to discuss second quarter 2022 financial results on Friday, August 5, 2022 at 8:30 AM Eastern Time. A press release with second quarter 2022 financial results will be issued at approximately 7:00 AM Eastern Time that same day. The conference call can be accessed live over the phone by dialing 201-689-8470. A replay will be available one hour after the call and can be accessed by dialing 412-317-6671; the password is 13730773. The replay will be available until Friday, August 12, 2022. The call will also be webcast live from the Company's website at www.rhgi.com under the Investor Relations sect
Earnings Per Share Increased 17% to $0.31 Quarterly Dividend Increased to $0.14 per Share Ruth's Hospitality Group, Inc. (the "Company") (NASDAQ:RUTH) today reported unaudited financial results for its first quarter ended March 27, 2022 and provided a business update. Year to Date Highlights (1) Opened our first of five anticipated 2022 new restaurants in Aventura, FL. The Company has opened three new Company-owned restaurants in the past two quarters. Announced a second quarter dividend increase to $0.14 from $0.12 Repaid $20.0 million of debt on our revolving credit facility during the first quarter and repaid an additional $25.0 million in April First quarter comparable sales
Raymond James downgraded Ruth's Hospitality Group from Outperform to Mkt Perform
Stephens initiated coverage of Ruth's Hospitality Group with a rating of Overweight and set a new price target of $22.00
Stephens & Co. reiterated coverage of Ruth's Hospitality Group with a rating of Overweight and set a new price target of $28.00 from $27.00 previously
Raymond James reiterated coverage of Ruth's Hospitality Group with a rating of Strong Buy and set a new price target of $27.00 from $25.00 previously
The Benchmark Company initiated coverage of Ruth's Hospitality Group with a rating of Hold
Benchmark initiated coverage of Ruth's Hospitality Group with a rating of Hold
Raymond James reiterated coverage of Ruth's Hospitality Group with a rating of Strong Buy and set a new price target of $25.00 from $26.50 previously
Stephens & Co. reiterated coverage of Ruth's Hospitality Group with a rating of Overweight and set a new price target of $27.00 from $29.00 previously
Piper Sandler upgraded Ruth's Hospitality Group from Neutral to Overweight and set a new price target of $28.00
CL King upgraded Ruth's Hospitality Group from Neutral to Buy and set a new price target of $27.00
15-12G - Ruths Hospitality Group, Inc. (0001324272) (Filer)
EFFECT - Ruths Hospitality Group, Inc. (0001324272) (Filer)
S-8 POS - Ruths Hospitality Group, Inc. (0001324272) (Filer)
S-8 POS - Ruths Hospitality Group, Inc. (0001324272) (Filer)
S-8 POS - Ruths Hospitality Group, Inc. (0001324272) (Filer)
S-8 POS - Ruths Hospitality Group, Inc. (0001324272) (Filer)
POS AM - Ruths Hospitality Group, Inc. (0001324272) (Filer)
8-K - Ruths Hospitality Group, Inc. (0001324272) (Filer)
SC 14D9/A - Ruths Hospitality Group, Inc. (0001324272) (Subject)
SC TO-T/A - Ruths Hospitality Group, Inc. (0001324272) (Subject)
Stephens & Co. analyst Joshua Long suspends Ruth's Hospitality Group (NASDAQ:RUTH) coverage.
Darden Restaurants Inc (NYSE:DRI) closed the acquisition of Ruth's Hospitality Group, Inc (NASDAQ:RUTH) in cash for $21.50 per share. The price translates to an equity value of approximately $715 million. With the acquisition, Ruth's Chris Steak House brand is added to Darden's brand portfolio, which includes Olive Garden, LongHorn Steakhouse, Yard House, Cheddar's Scratch Kitchen, Seasons 52, and Eddie V's. In connection with the completion of the merger, Ruth's common stock ceased trading on Nasdaq. Also Read: Increasing Same Store Sales At Olive Garden Signals Bullish Outlook For Darden Restaurants: Analyst Darden expects to garner pre-tax synergies of between $5 million and $10 mi
The most overbought stocks in the consumer discretionary sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. Xcel Brands, Inc. (NASDAQ:XELB) Xcel Brands filed for non-timely 10-Q with the U.S. SEC for the three months ended March 31, 2023, expects to report net loss per sh
Companies Reporting Before The Bell • CNH Industrial (NYSE:CNHI) is estimated to report quarterly earnings at $0.32 per share on revenue of $5.08 billion. • Liberty Braves Group (NASDAQ:BATRA) is projected to report quarterly loss at $0.04 per share on revenue of $36.35 million. • Liberty SiriusXM Gr (NASDAQ:LSXMA) is estimated to report quarterly earnings at $0.94 per share on revenue of $2.15 billion. • Liberty Formula One Group (NASDAQ:FWONK) is expected to report quarterly loss at $0.09 per share on revenue of $394.13 million. • Plains All American (NASDAQ:PAA) is expected to report quarterly earnings at $0.36 per share on revenue of $15.34 billion. • E W Scripps (NASDAQ:SSP) is ex
Ruth's Hospitality Group (NASDAQ:RUTH) is set to give its latest quarterly earnings report on Friday, 2023-05-05. Here's what investors need to know before the announcement. Analysts estimate that Ruth's Hospitality Group will report an earnings per share (EPS) of $0.36. Ruth's Hospitality Group bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.05, which was followe
PacWest Bancorp (PACW) - Shares were down more than 30% Thursday morning following a Bloomberg report the company will consider strategic alternatives including a potential sale. The report and downside in the stock followed major downside in the stock over the last several trading sessions; PacWest shares were down more than 50% since earlier this week. First Horizon Corp. (FHN) - The company and TD Bank (TD) mutually called off their merger agreement Thursday morning. TD Bank said it was unable to obtain a timeline for regulatory approvals for reasons unrelated to First Horizon. First Horizon shares were down about 40% on the news.
Gainers Harbor Custom Dev (NASDAQ:HCDI) stock moved upwards by 97.5% to $7.9 during Wednesday's regular session. The current volume of 104.6K shares is 120.7% of Harbor Custom Dev's average full-day volume over the last 100 days (last updated at 13:30 EST). The company's market cap stands at $5.6 million. Ruth's Hospitality Group (NASDAQ:RUTH) shares increased by 33.81% to $21.45. As of 13:30 EST, Ruth's Hospitality Group's stock is trading at a volume of 18.6 million, which is 4605.3% of its average full-day volume over the last 100 days. The company's market cap stands at $703.4 million. Genius Gr (AMEX:GNS) shares increased by 18.38% to $1.1. As of 13:30 EST, this security is trading a
Upgrades For The Trade Desk Inc (NASDAQ:TTD), Vertical Research upgraded the previous rating of Neutral to Positive. Trade Desk earned $0.38 in the fourth quarter, compared to $0.42 in the year-ago quarter. The current stock performance of Trade Desk shows a 52-week-high of $76.74 and a 52-week-low of $39.01. Moreover, at the end of the last trading period, the closing price was at $62.58. For LeMaitre Vascular Inc (NASDAQ:LMAT), Barrington Research upgraded the previous rating of Market Perform to Outperform. LeMaitre Vascular earned $0.27 in the first quarter, compared to $0.27 in the year-ago quarter. The current stock performance of LeMaitre Vascular shows a 52-week-high of $56.38 and
U.S. stocks traded up this morning, ahead of the Federal Reserve’s decision on an interest rate hike. Following the market opening Wednesday, the Dow traded up 0.05% to 33,700.93 while the NASDAQ rose 0.17% to 12,100.98. The S&P 500 also gained 0.17% to 4126.77. Check This Out: Microsoft, Snap And 2 Other Stocks Insiders Are Selling Leading and Lagging Sectors Industrials shares jumped by 0.48% on Wednesday. Meanwhile, top gainers in the sector included Powell Industries, Inc. (NASDAQ:POWL) up 22.63% and Commercial Vehicle Group, Inc. (NASDAQ:CVGI) up 16.85%. In trading on Wednesday, energy shares fell 1.25%. Top Headline Advanced Micro Devices, Inc. (NASDAQ:AMD) reported better-than-